DELTA FUNDING HOME EQUITY LOAN TRUST 2000-1
8-K, EX-99.1, 2000-06-27
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Delta Funding Corporation
Mortgage Pass-Through Certificates
Record Date:           5/31/2000
Distribution Date:     6/15/2000


DFH  Series: 2000-1
Contact: Customer Service - CTSLink
         Norwest Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 846-8152


                                             Certificateholder Distribution Summary

                       Certificate      Certificate        Beginning
                          Class        Pass-Through      Certificate       Interest      Principal
Class          CUSIP   Description             Rate          Balance   Distribution   Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
    A-1F       24763LGB0       SEN SEQ        7.38000%     51,879,446.71      319,058.60      984,283.00
    A-2F       24763LGC8       SEN SEQ        7.58000%     22,700,000.00      143,388.33            0.00
    A-3F       24763LGD6       SEN SEQ        7.69000%     30,300,000.00      194,172.50            0.00
    A-4F       24763LGE4       SEN SEQ        7.94000%     15,300,000.00      101,235.00            0.00
    A-5F       24763LGF1       SEN SEQ        8.09000%     14,900,000.00      100,450.83            0.00
    A-6F       24763LGG9         SEN          7.87000%     10,000,000.00       65,583.33            0.00
    IOF        24763LGH7       SEN IO         6.40000%              0.00      325,333.33            0.00
    A-1A       24763LGJ3         SEN          6.78250%     64,145,005.23      374,638.01      443,053.04
    M-1        24763LGK0         MEZ          8.09000%     16,500,000.00      111,237.50            0.00
    M-2        24763LGL8         MEZ          8.09000%     11,375,000.00       76,686.46            0.00
     B         24763LGM6         SUB          8.09000%     10,625,000.00       71,630.21            0.00
    BIO        DFH001BIO       SUB IO         0.00000%              0.00            0.00            0.00
     P         DFH00001P         PO           0.00000%            100.00       24,817.25            0.00
    R-1        DFH0002R1         RES          0.00000%              0.00            0.00            0.00
    R-2        DFH0002R2         RES          0.00000%              0.00            0.00            0.00
    R-3        DFH0002R3         RES          0.00000%              0.00            0.00            0.00
Totals                                                    247,724,551.94    1,908,231.35    1,427,336.04
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)


                          Current                Ending                                       Cumulative
                         Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
A-1F                           0.00          50,895,163.71             1,303,341.60                      0.00
A-2F                           0.00          22,700,000.00               143,388.33                      0.00
A-3F                           0.00          30,300,000.00               194,172.50                      0.00
A-4F                           0.00          15,300,000.00               101,235.00                      0.00
A-5F                           0.00          14,900,000.00               100,450.83                      0.00
A-6F                           0.00          10,000,000.00                65,583.33                      0.00
IOF                            0.00                   0.00               325,333.33                      0.00
A-1A                           0.00          63,701,952.19               817,691.05                      0.00
M-1                            0.00          16,500,000.00               111,237.50                      0.00
M-2                            0.00          11,375,000.00                76,686.46                      0.00
B                              0.00          10,625,000.00                71,630.21                      0.00
BIO                            0.00                   0.00                     0.00                      0.00
P                              0.00                 100.00                24,817.25                      0.00
R-1                            0.00                   0.00                     0.00                      0.00
R-2                            0.00                   0.00                     0.00                      0.00
R-3                            0.00                   0.00                     0.00                      0.00
Totals                         0.00         246,297,215.90             3,335,567.39                      0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.

</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                Principal Distribution Statement

                        Original         Beginning         Scheduled    Unscheduled
                            Face       Certificate         Principal      Principal                     Realized
Class                     Amount           Balance      Distribution   Distribution     Accretion       Loss (1)
<S>             <C>               <C>                 <C>               <C>             <C>             <C>
A-1F                 53,300,000.00      51,879,446.71         157,661.86      826,621.14           0.00            0.00
A-2F                 22,700,000.00      22,700,000.00               0.00            0.00           0.00            0.00
A-3F                 30,300,000.00      30,300,000.00               0.00            0.00           0.00            0.00
A-4F                 15,300,000.00      15,300,000.00               0.00            0.00           0.00            0.00
A-5F                 14,900,000.00      14,900,000.00               0.00            0.00           0.00            0.00
A-6F                 10,000,000.00      10,000,000.00               0.00            0.00           0.00            0.00
IOF                           0.00               0.00               0.00            0.00           0.00            0.00
A-1A                 65,000,000.00      64,145,005.23          25,934.73      417,118.31           0.00            0.00
M-1                  16,500,000.00      16,500,000.00               0.00            0.00           0.00            0.00
M-2                  11,375,000.00      11,375,000.00               0.00            0.00           0.00            0.00
B                    10,625,000.00      10,625,000.00               0.00            0.00           0.00            0.00
BIO                           0.00               0.00               0.00            0.00           0.00            0.00
P                           100.00             100.00               0.00            0.00           0.00            0.00
R-1                           0.00               0.00               0.00            0.00           0.00            0.00
R-2                           0.00               0.00               0.00            0.00           0.00            0.00
R-3                           0.00               0.00               0.00            0.00           0.00            0.00
Totals              250,000,100.00     247,724,551.94         183,596.59    1,243,739.45           0.00            0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                          Principal Distribution Statement (continued)

                                   Total               Ending              Ending            Total
                               Principal          Certificate         Certificate        Principal
Class                          Reduction              Balance          Percentage     Distribution
<S>               <C>                     <C>                    <C>                 <C>
A-1F                            984,283.00         50,895,163.71           0.95488112        984,283.00
A-2F                                  0.00         22,700,000.00           1.00000000              0.00
A-3F                                  0.00         30,300,000.00           1.00000000              0.00
A-4F                                  0.00         15,300,000.00           1.00000000              0.00
A-5F                                  0.00         14,900,000.00           1.00000000              0.00
A-6F                                  0.00         10,000,000.00           1.00000000              0.00
IOF                                   0.00                  0.00           0.00000000              0.00
A-1A                            443,053.04         63,701,952.19           0.98003003        443,053.04
M-1                                   0.00         16,500,000.00           1.00000000              0.00
M-2                                   0.00         11,375,000.00           1.00000000              0.00
B                                     0.00         10,625,000.00           1.00000000              0.00
BIO                                   0.00                  0.00           0.00000000              0.00
P                                     0.00                100.00           1.00000000              0.00
R-1                                   0.00                  0.00           0.00000000              0.00
R-2                                   0.00                  0.00           0.00000000              0.00
R-3                                   0.00                  0.00           0.00000000              0.00
Totals                        1,427,336.04        246,297,215.90           0.98518847      1,427,336.04
</TABLE>
<TABLE>
<CAPTION>


                                              Principal Distribution Factors Statement
                          Original          Beginning         Scheduled        Unscheduled
                              Face        Certificate         Principal          Principal
Class (2)                   Amount            Balance      Distribution       Distribution        Accretion

<S>          <C>                    <C>                 <C>                 <C>                <C>
A-1F                   53,300,000.00        973.34796829         2.95800863         15.50883940        0.00000000
A-2F                   22,700,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-3F                   30,300,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-4F                   15,300,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-5F                   14,900,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
A-6F                   10,000,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
IOF                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
A-1A                   65,000,000.00        986.84623431         0.39899585          6.41720477        0.00000000
M-1                    16,500,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M-2                    11,375,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B                      10,625,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
BIO                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
P                             100.00       1000.00000000         0.00000000          0.00000000        0.00000000
R-1                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-2                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-3                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>
(2) All classes are per 1,000 denomination.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                      Principal Distribution Factors Statement (continued)

                                              Total                Ending              Ending             Total
                        Realized          Principal           Certificate         Certificate         Principal
Class                   Loss (3)          Reduction               Balance          Percentage      Distribution

<S>            <C>                 <C>                 <C>                    <C>                 <C>
A-1F                    0.00000000         18.46684803            954.88112026          0.95488112        18.46684803
A-2F                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-3F                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-4F                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-5F                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
A-6F                    0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
IOF                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
A-1A                    0.00000000          6.81620062            980.03003369          0.98003003         6.81620062
M-1                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
BIO                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
P                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
R-1                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-2                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-3                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                 Interest Distribution Statement

                                                      Beginning                       Payment of
                      Original        Current      Certificate/            Current        Unpaid         Current
                          Face    Certificate          Notional            Accrued     Interest         Interest
Class                   Amount           Rate           Balance           Interest     Shortfall       Shortfall
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
A-1F               53,300,000.00        7.38000%      51,879,446.71          319,058.60           0.00             0.00
A-2F               22,700,000.00        7.58000%      22,700,000.00          143,388.33           0.00             0.00
A-3F               30,300,000.00        7.69000%      30,300,000.00          194,172.50           0.00             0.00
A-4F               15,300,000.00        7.94000%      15,300,000.00          101,235.00           0.00             0.00
A-5F               14,900,000.00        8.09000%      14,900,000.00          100,450.83           0.00             0.00
A-6F               10,000,000.00        7.87000%      10,000,000.00           65,583.33           0.00             0.00
IOF                         0.00        6.40000%      61,000,000.00          325,333.33           0.00             0.00
A-1A               65,000,000.00        6.78250%      64,145,005.23          374,638.01           0.00             0.00
M-1                16,500,000.00        8.09000%      16,500,000.00          111,237.50           0.00             0.00
M-2                11,375,000.00        8.09000%      11,375,000.00           76,686.46           0.00             0.00
B                  10,625,000.00        8.09000%      10,625,000.00           71,630.21           0.00             0.00
BIO                         0.00        0.00000%               0.00                0.00           0.00             0.00
P                         100.00        0.00000%             100.00                0.00           0.00             0.00
R-1                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-2                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-3                         0.00        0.00000%               0.00                0.00           0.00             0.00
Totals            250,000,100.00                                           1,883,414.10           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                   Remaining            Ending
                     Non-Supported                                  Total             Unpaid      Certificate/
                          Interest            Realized           Interest          Interest           Notional
 Class                   Shortfall          Losses (4)       Distribution          Shortfall           Balance
 <S>            <C>                  <C>                 <C>                 <C>                 <C>
 A-1F                           0.00                0.00           319,058.60                0.00      50,895,163.71
 A-2F                           0.00                0.00           143,388.33                0.00      22,700,000.00
 A-3F                           0.00                0.00           194,172.50                0.00      30,300,000.00
 A-4F                           0.00                0.00           101,235.00                0.00      15,300,000.00
 A-5F                           0.00                0.00           100,450.83                0.00      14,900,000.00
 A-6F                           0.00                0.00            65,583.33                0.00      10,000,000.00
 IOF                            0.00                0.00           325,333.33                0.00      58,000,000.00
 A-1A                           0.00                0.00           374,638.01                0.00      63,701,952.19
 M-1                            0.00                0.00           111,237.50                0.00      16,500,000.00
 M-2                            0.00                0.00            76,686.46                0.00      11,375,000.00
 B                              0.00                0.00            71,630.21                0.00      10,625,000.00
 BIO                            0.00                0.00                 0.00                0.00               0.00
 P                              0.00                0.00            24,817.25                0.00             100.00
 R-1                            0.00                0.00                 0.00                0.00               0.00
 R-2                            0.00                0.00                 0.00                0.00               0.00
 R-3                            0.00                0.00                 0.00                0.00               0.00
 Totals                         0.00                0.00         1,908,231.35                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.
 </FN>
 </TABLE>
<TABLE>
<CAPTION>

                                            Interest Distribution Factors Statement

                                                          Beginning                        Payment of
                        Original        Current        Certificate/          Current           Unpaid          Current
                            Face    Certificate            Notional          Accrued        Interest          Interest
Class (5)                 Amount           Rate             Balance         Interest        Shortfall        Shortfall
<S>           <C>                 <C>             <C>                  <C>               <C>               <C>
A-1F                 53,300,000.00        7.38000%         973.34796829        5.98609006        0.00000000        0.00000000
A-2F                 22,700,000.00        7.58000%        1000.00000000        6.31666652        0.00000000        0.00000000
A-3F                 30,300,000.00        7.69000%        1000.00000000        6.40833333        0.00000000        0.00000000
A-4F                 15,300,000.00        7.94000%        1000.00000000        6.61666667        0.00000000        0.00000000
A-5F                 14,900,000.00        8.09000%        1000.00000000        6.74166644        0.00000000        0.00000000
A-6F                 10,000,000.00        7.87000%        1000.00000000        6.55833300        0.00000000        0.00000000
IOF                           0.00        6.40000%        1000.00000000        5.33333328        0.00000000        0.00000000
A-1A                 65,000,000.00        6.78250%         986.84623431        5.76366169        0.00000000        0.00000000
M-1                  16,500,000.00        8.09000%        1000.00000000        6.74166667        0.00000000        0.00000000
M-2                  11,375,000.00        8.09000%        1000.00000000        6.74166681        0.00000000        0.00000000
B                    10,625,000.00        8.09000%        1000.00000000        6.74166682        0.00000000        0.00000000
BIO                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
P                           100.00        0.00000%        1000.00000000        0.00000000        0.00000000        0.00000000
R-1                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-2                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-3                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5) All classes are per 1,000 denomination.

</FN>

</TABLE>
<TABLE>
<CAPTION>
                                       Interest Distribution Factors Statement (continued)

                                                                            Remaining              Ending
                  Non-Supported                               Total            Unpaid        Certificate/
                       Interest         Realized           Interest          Interest            Notional
Class                 Shortfall       Losses (6)       Distribution         Shortfall             Balance
<S>           <C>               <C>               <C>                 <C>                 <C>
A-1F                  0.00000000        0.00000000         5.98609006          0.00000000          954.88112026
A-2F                  0.00000000        0.00000000         6.31666652          0.00000000         1000.00000000
A-3F                  0.00000000        0.00000000         6.40833333          0.00000000         1000.00000000
A-4F                  0.00000000        0.00000000         6.61666667          0.00000000         1000.00000000
A-5F                  0.00000000        0.00000000         6.74166644          0.00000000         1000.00000000
A-6F                  0.00000000        0.00000000         6.55833300          0.00000000         1000.00000000
IOF                   0.00000000        0.00000000         5.33333328          0.00000000          950.81967213
A-1A                  0.00000000        0.00000000         5.76366169          0.00000000          980.03003369
M-1                   0.00000000        0.00000000         6.74166667          0.00000000         1000.00000000
M-2                   0.00000000        0.00000000         6.74166681          0.00000000         1000.00000000
B                     0.00000000        0.00000000         6.74166682          0.00000000         1000.00000000
BIO                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
P                     0.00000000        0.00000000    248172.50000000          0.00000000         1000.00000000
R-1                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-2                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-3                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

                                             Certificateholder Component Statement
                      Component       Beginning            Ending       Beginning            Ending          Ending
                  Pass-Through        Notional          Notional       Component         Component       Component
                          Rate         Balance           Balance         Balance           Balance      Percentage
Class
<S>             <C>             <C>               <C>               <C>               <C>               <C>
       OC               0.00000%             0.00               0.00       305,400.01         553,695.04   5,536,950,400.
                                                                                                                00000000%
      FSA               0.08000%   209,224,451.94     207,797,115.90             0.00               0.00     98.24922738%
</TABLE>
<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                           2,619,971.70
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              837,000.50
    Realized Losses                                                                                      0.00
Total Deposits                                                                                   3,456,972.20

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         121,404.81
    Payment of Interest and Principal                                                            3,335,567.39
Total Withdrawals (Pool Distribution Amount)                                                     3,456,972.20

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>
Total Prepayment/Curtailment Interest Shortfall                                                      1,056.83
Servicing Fee Support                                                                                1,056.83

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

                                                         SERVICING FEES


<S>                                                                                   <C>
Gross Servicing Fee                                                                                103,345.82
Trustee Fee - Norwest Bank Minnesota, N.A.                                                           5,167.49
Supported Prepayment/Curtailment Interest Shortfall                                                  1,056.83
Net Servicing Fee                                                                                  107,456.48

</TABLE>
<TABLE>
<CAPTION>

                                                         OTHER ACCOUNTS
                                               Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Reserve Fund                                     10,000.00              0.00              0.00        10,000.00
Reserve Fund                                     10,000.00              0.00              0.00        10,000.00

</TABLE>
<TABLE>
<CAPTION>                           CERTIFICATEHOLDER DELINQUENCY/CREDIT ENHANCEMENT STATEMENT
                                                       DELINQUENCY STATUS

                                                                            Percentage Delinquent
                                                                                  Based On
                                   Current           Unpaid
                                    Number        Principal                 Number            Unpaid
                                  Of Loans          Balance               Of Loans           Balance
<S>                        <C>                 <C>                   <C>                <C>
30 Days                                 172     11,938,066.17               5.237515%          4.836146%
60 Days                                  44      3,524,137.35               1.339829%          1.427639%
90+ Days                                 11        749,400.10               0.334957%          0.303584%
Foreclosure                               4        123,884.17               0.121803%          0.050186%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                  231     16,335,487.79               7.034105%          6.617555%
</TABLE>
<TABLE>
<CAPTION>

                                                       OTHER INFORMATION
<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Current Period Class A Insufficient Funds                                                            0.00
Periodic Advance                                                                               837,000.50
</TABLE>






 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                         Mixed Fixed & Arm

 Weighted Average Gross Coupon                                        10.905477%
 Weighted Average Net Coupon                                          10.405477%
 Weighted Average Pass-Through Rate                                   10.380476%
 Weighted Average Maturity(Stepdown Calculation )                            357
 Beginning Scheduled Collateral Loan Count                                 3,300

 Number Of Loans Paid In Full                                                 16
 Ending Scheduled Collateral Loan Count                                    3,284
 Beginning Scheduled Collateral Balance                           248,029,951.95
 Ending Scheduled Collateral Balance                              246,850,810.94
 Ending Actual Collateral Balance at 31-May-2000                  246,912,879.11
 Monthly P &I Constant                                              2,437,667.33
 Ending Scheduled Balance for Premium Loans                       246,850,810.94
 Scheduled Principal                                                  183,596.59
 Unscheduled Principal                                                995,544.42

 Required Overcollateralization Amount                                      0.00
 Overcollateralized Increase Amount                                   248,195.03
 Overcollateralized reduction Amount                                        0.00
 Specified O/C Amount                                               4,625,000.00
 Overcollateralized Amount                                            553,595.04
 Overcollateralized Deficiency Amount                               4,319,499.99
 Base Overcollateralized Amount                                             0.00
 Extra principal distribution Amount                                  248,195.03
 Excess Cash Amount                                                   248,195.03
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Interest Advance Recoveries                                       635,360.45
Servicing Advance Recoveries                                       12,355.32
</TABLE>
 <TABLE>
 <CAPTION>
                                      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2                   Total
 Collateral Description                                             Mixed Fixed                 Mixed ARM
 Weighted Average Coupon Rate                                         10.970474                 10.719148
 Weighted Average Net Rate                                            10.445473                 10.194147
 Weighted Average Maturity                                               357.00                    357.00
 Beginning Loan Count                                                     2,500                       800                   3,300
 Loans Paid In Full                                                          12                         4                      16
 Ending Loan Count                                                        2,488                       796                   3,284
 Beginning Scheduled Balance                                     183,884,946.72             64,145,005.23          248,029,951.95
 Ending scheduled Balance                                        183,148,858.75             63,701,952.19          246,850,810.94
 Record Date                                                            5/31/00                   5/31/00
 Principal And Interest Constant                                   1,838,749.45                598,917.88            2,437,667.33
 Scheduled Principal                                                 157,661.86                 25,934.73              183,596.59
 Unscheduled Principal                                               578,426.11                417,118.31              995,544.42
 Scheduled Interest                                                1,681,087.59                572,983.15            2,254,070.74


 Servicing Fees                                                       76,618.73                 26,727.09              103,345.82
 Master Servicing Fees                                                     0.00                      0.00                    0.00
 Trustee Fee                                                           3,831.11                  1,336.38                5,167.49
 FRY Amount                                                                0.00                      0.00                    0.00
 Special Hazard Fee                                                        0.00                      0.00                    0.00
 Other Fee                                                                 0.00                      0.00                    0.00
 Pool Insurance Fee                                                        0.00                      0.00                    0.00
 Spread Fee 1                                                              0.00                      0.00                    0.00
 Spread Fee 2                                                              0.00                      0.00                    0.00
 Spread Fee 3                                                              0.00                      0.00                    0.00
 Net Interest                                                      1,600,637.75                544,919.68            2,145,557.43
 Realized Loss Amount                                                      0.00                      0.00                    0.00
 Cumulative Realized Loss                                                  0.00                      0.00                    0.00
 Percentage of Cumulative Losses                                           0.00                      0.00                    0.00


 </TABLE>

    <TABLE>
    <CAPTION>                                           Delinquency Status By Groups

       <S>                          <C>             <C>             <C>             <C>             <C>            <C>
 Group                             30 Days        60 Days         90 + Days     Foreclosure         REO         Bankruptcy
  1     Principal Balance      8,608,220.15    2,112,377.52       488,711.54     123,884.17            0.00            0.00
        Percentage Of Balance        4.700%          1.153%           0.267%         0.068%          0.000%         0.000%
        Loan Count                      125              29                6              4               0              0
        Percentage Of Loans          5.024%          1.166%           0.241%         0.161%          0.000%         0.000%

  2     Principal Balance      3,329,846.02    1,411,759.83       260,688.56           0.00            0.00            0.00
        Percentage Of Balance        5.227%          2.216%           0.409%         0.000%          0.000%         0.000%
        Loan Count                       47              15                5              0               0              0
        Percentage Of Loans          5.905%          1.884%           0.628%         0.000%          0.000%         0.000%

 Totals:Principal Balance     11,938,066.17    3,524,137.35       749,400.10     123,884.17            0.00            0.00
        Percentage of Balance        4.836%          1.428%           0.304%         0.050%          0.000%         0.000%
        Loan Count                      172              44               11              4               0              0
        Percentage Of Loans          5.238%          1.340%           0.335%         0.122%          0.000%         0.000%

 </TABLE>

<TABLE>

<CAPTION>

     <S>                                                          <C>

Group            Miscellaneous Reporting Items

1               Group F Curtailments                                                        22,013.74
2               Group A Curtailments                                                         2,078.87
</TABLE>







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